Countrywide Financial

  www.countrywide.com
  www.countrywide.com
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Countrywide Financial Reviews

82 Reviews
2.7
82 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Countrywide Financial CEO Angelo R Mozilo
Angelo R Mozilo
4 Ratings

Review Highlights

Pros
  • The best reason to work for Countrywide is that it is now a part of Bank of America (in 5 reviews)

  • A lot of the people who work for the company are nice and intelligent (in 3 reviews)


Cons
  • Also, work life balance is a non-idea at Countrywide (in 5 reviews)

  • You have to be willing to work very hard with no one seeming to notice (in 4 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Entrepreneurial culture

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President  in  Calabasas, CA
    Former Employee - Vice President in Calabasas, CA

    I worked at Countrywide Financial full-time for more than 5 years

    Pros

    Countrywide has a very entrepreneurial culture, with a strong build over buy preference. This is great for information technology resources.

    Cons

    Department practices are very different, need to make sure that the department you work in matches your style of development.

    Advice to ManagementAdvice

    Management should great one culture and not multiple small empires.

    Recommends
    Negative Outlook
    Approves of CEO
  2.  

    bankrupt

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Manager  in  Plano, TX
    Former Employee - Manager in Plano, TX

    I worked at Countrywide Financial full-time for more than 3 years

    Pros

    good co workers good benefits

    Cons

    sweat shop, bankrupt bankrupt bankrupt bankrupt bankrupt

    Advice to ManagementAdvice

    less management

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3.  

    The best first job I ever could have asked for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Sales Manager  in  Phoenix, AZ
    Former Employee - Sales Manager in Phoenix, AZ

    I worked at Countrywide Financial full-time for more than 3 years

    Pros

    people, atmosphere, pay, and PAY. Some of the smartest and most driven people were my colleagues. I met some of my best friends, made very good money and had a great time while doing it. The company was very professional, yet there was a very team oriented brotherhood.

    Cons

    Long hours, lack of advanced training. Of course there is going to be some bad apples. In every company you work plenty of uneducated, bad employees walk through the doors, but they were weeded out quickly.

    Advice to ManagementAdvice

    The credit crisis of 2008 was a problem not only for this one but for most of the world. I don't think there was much they could have done to mitigate that. Could they have weathered the storm better...yes, but a sale to Bank of America for around 4 Billion wan't terrible. The loss of stock price and equity for many employee's was something that was a hard pill to swallow, but like many other companies during the bubble it could have been worse.

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    Good

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Financial Services Representative  in  Dallas, TX
    Former Employee - Financial Services Representative in Dallas, TX

    I worked at Countrywide Financial

    Pros

    Location, Salary, People, on site cafeteria

    Cons

    Less opportunity for advancement than other companies

    Advice to ManagementAdvice

    thanks for not being micro managers

    Disapproves of CEO
  6.  

    Strong management, visionary and focused on accomplishing goals

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Vice President  in  Calabasas, CA
    Former Employee - Vice President in Calabasas, CA

    I worked at Countrywide Financial

    Pros

    They had clarity regarding key initiatives and were very supportive to insure goals were attained.

    Cons

    Heavy volumes at times made it difficult to balance work/life.

    Advice to ManagementAdvice

    Good leadership within divisions and across divisions was very good

    Recommends
    No opinion of CEO
  7.  

    Place for growth

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - First Vice President  in  Calabasas, CA
    Former Employee - First Vice President in Calabasas, CA

    I worked at Countrywide Financial

    Pros

    Excellent professional environment, great exposure to industry and technology, endless opportunities to learn and grow. Countrywide has a variety of subsidiaries in the financial industry, mostly mortgage - and promotes employees to move and look for opportunties internally. They have excellent framework to promote new ideas, processes - both in technology and business. In the technology side, mostly home built solutions that are cutting edge and ahead of the industry. A great pool of talents, and outstanding team and professional atmosphere.

    Cons

    Stability due to economic downturn

    Advice to ManagementAdvice

    None at this time

    Recommends
    Approves of CEO
  8.  

    No wonder Countrywide went down

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Simi Valley, CA
    Former Employee - Anonymous Employee in Simi Valley, CA

    I worked at Countrywide Financial

    Pros

    Paid well for those with little education and no other options

    Cons

    Treated people poorly
    Broken systems
    Poor reputation

    Advice to ManagementAdvice

    Turn yourself in to the authorities

    Doesn't Recommend
    No opinion of CEO
  9.  

    Good pay, poor culture

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - First Vice President  in  Los Angeles, CA
    Former Employee - First Vice President in Los Angeles, CA

    I worked at Countrywide Financial

    Pros

    Good pay compared to peers and responsibilities in other mortgage banks. Varied opportunities to try different careers in the organization.

    Cons

    Basically, a cowboy culture combined with nepotism. Long hours, no work/life balance once you moved pass VP title.

    Advice to ManagementAdvice

    Review the corporate culture and start living the values it is supposed to represent.

    Doesn't Recommend
    No opinion of CEO
  10.  

    Politics is high. Hard work not consistently recognized or even recommended.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Los Angeles, CA
    Former Employee - Anonymous Employee in Los Angeles, CA

    I worked at Countrywide Financial

    Pros

    Large company with many different perspectives and varying degrees of talent and skill to learn from.

    Cons

    Those in cushy positions are sometimes impossible to deal with.

    Advice to ManagementAdvice

    Politics is inevitable in any environment. However some of this should be monitored and the skill-experience-compensation relationship should be baselined to make sure those with valuable skills are compensated accordingly.

    Disapproves of CEO
  11.  

    Intellectually challenging but intense and often competitive work environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Managing Director  in  Calabasas, CA
    Former Employee - Managing Director in Calabasas, CA

    I worked at Countrywide Financial

    Pros

    If you're smart and willing to seek new challenges/responsibilities, you'll often get them. Networking is key - who you know (and who likes you) matters.

    Cons

    Long hours, tight deadlines, unrealistic expectations from executive management - all of these things are a factor in the day-to-day environment (not just once in a while.)

    Advice to ManagementAdvice

    Listen to your in-house experts, especially the ones who don't agree with everything you say. They likely know more than you do and are probably right.

    No opinion of CEO

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